hey Ashish,
We had started LOS Review for Level 2 CFA...you can also join and contribute:
https://daulatguru.com/finance-forum...or-CFA-Level-2
Thnx:)
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hey Ashish,
We had started LOS Review for Level 2 CFA...you can also join and contribute:
https://daulatguru.com/finance-forum...or-CFA-Level-2
Thnx:)
Q9 Ans A:
The Mean square value for regression is
MSR = SSR/K = 6000/3 = 2000
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Today's Question (Questions and answers provided by Knowledge Varsity)
Q10. Which of the following is most likely the value of variable D in the ANOVA table?
A. Indeterminate
B. 333
C. 71
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I used Excel to solve this question. You can see the snapshot below:
The correct answer is A
I got C as the answer in the following way:
B = 14
Unexplained regression = 1000
Therefore D=1000/14= 71.42 or approx 71
Q10 Ans C:
Here we are asked to find out Mean squared Error
MSE = SSE / (n-k-1) = 1000/14 = 71
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Today's Question (Questions and answers provided by Knowledge Varsity)
Q11. Which of the following is the F value of the sample?
A. 28.17
B. 6
C. 4.67
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Thanks to all the members for participating in the Forum. I believe that these questions would be useful for your preparation.
The correct answer to the question No - 3 is option C that is 4216 million rupees.
The question is not a difficult question, as it is just plugging the values, here in these type of question the examiner is seeing whether the candidates are alert.
first lets see why A and B are wrong.
A is wrong - If you mistakenly forget to convert the GDP from billions to millions, you will get the first answer
B is wrong - Here the candidates forget that there is negative 180 in the first term, if you dont take that into consideration then your answer will be 4396.
C is correct - Here we reduce 4396 by 180 to get 4216.
The question is easy and that's why many candidates try to save their time by doing the calculation fast, and since the options are those answers which the student will most likely get wrong they do not double check. CFA Institute examination setter know this and they will be putting these dis-tractors in the answer options.
There will be instances where due to delivery pressure we have some error and we will post errata to those in the forum.
I will now be actively taking part in the discussion, please feel free to post on the forum.
Thanks
Ratan Gupta, FRM
Learning Officer
Knowledge Varsity
Thanks Ratan!
Thank you Ratan for providing the explanation.
Regarding question 11, the answer is A.
F= MSR/MSE = 28.